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Oil Prices Rise As EIA Data Beats Expectations – OilPrice.com

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Oil Prices Rise As EIA Data Beats Expectations | OilPrice.com


Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

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Crude oil prices rose higher today after the Energy Information Administration reported an inventory draw of 6.9 million barrels for the week to July 2.

This compared with a draw of 6.7 million barrels for the previous week.

Analysts had expected the EIA to report a 3.925-million-barrel draw in crude oil inventories for the week.

Whatever the EIA estimates, they are unlikely to move prices very much this week or for very long, not with OPEC+ canceling its last meeting without making a decision about future production, prompting abundant speculation that this may be the end of the cartel.

While OPEC discusses its next moves, U.S. oil producers are keeping a lid on output despite rising prices. EIA estimated average daily production for the last full week of June at 11.1 million bpd, unchanged from the previous week and only 100,000 bpd higher than a year ago, at the height of the crisis caused by the pandemic.

This week’s full report, when it comes out later today, is unlikely to reveal any major upward changes either.

Meanwhile, the authority estimated a 6.1-million-barrel draw in gasoline stocks over the week to July 2, with production averaging 10.6 million bpd. This compared with a stock build of 1.5 million barrels for the previous week, and production of 9.6 million bpd.

In middle distillates, the EIA reported an inventory increase of 1.6 million barrels, which compared with a draw of 900,000 barrels for the previous week. Production last week averaged 5 million bpd, virtually flat on the week.

The increased uncertainty around OPEC+ caused oil prices to fall today. At the time of writing, Brent crude was trading at $73.08 per barrel, with West Texas Intermediate at $71.70 per barrel, after earlier this week the news of the OPEC discord pushed benchmarks higher. That spike only lasted briefly before traders retreated to wait for what OPEC would do next.

By Irina Slav for Oilprice.com

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Several brands of frozen mangoes recalled due to the possible Hepatitis A contamination – CTV News Montreal

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MONTREAL —
The Canadian Food Inspection Agency (CFIA) announced Friday that Montreal-based Nature’s Touch Frozen Food is recalling various brands of frozen mangoes because they may be contaminated with the hepatitis A virus.

The following products should not be consumed according to the CFIA:

  • Nature’s Touch Frozen Mangoes (2 kg)
  • Compliments Frozen Mangoes (600 g)
  • Irresistible Frozen Mangoes (600 g)
  • President’s Choice Frozen Mangoes (600 g)

All products have the words “best before November 2022” written on the package.

The products were sold in Quebec, Ontario, Saskatchewan, Manitoba, New Brunswick, and Nova Scotia and may have been sold in other provinces and territories.

Hepatitis A virus infection usually manifests itself as fever, general malaise, loss of appetite, nausea, vomiting and abdominal discomfort.

The infection can also cause jaundice.

Symptoms may appear up to 50 days after consumption.

The CFIA advises people who believe they have become ill after consuming a recalled product to contact a physician.

Recalled products should be discarded or returned to the store where they were purchased.

— this report by The Canadian Press was first published in French on July 30, 2021 

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Select frozen mango products recalled due to possible Hepatitis A contamination – CP24 Toronto's Breaking News

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The Canadian Food Inspection Agency (CFIA) says select frozen mango products distributed in Ontario and several other provinces are being recalled due to possible Hepatitis A contamination.

Consumers are being warned not to eat various Nature’s Touch Frozen Food frozen mangoes, which were distributed in Manitoba, New Brunswick, Nova Scotia, Ontario, Possibly National, Quebec, Saskatchewan.

CFIA says there have been some reported illnesses associated with consumption of the products.

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Frozen mangoes recalled over Hepatitis A risk – CBC.ca

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Four types of frozen mangoes are being recalled due to the risk of possible Hepatitis A contamination, according to the Canadian Food Inspection Agency (CFIA).

The products being recalled include:

  • Frozen mangoes from Nature’s Touch
  • Mango Mania from Compliments
  • Mango chunks from Irresistibles
  • Mango chunks from President’s Choice

The affected products are all sold by Nature’s Touch Frozen Food Inc. with expiration dates of November and December 2022.

The impacted product has likely been distributed nationally, but has been sold in Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec and Saskatchewan.

CFIA says the recall was sparked by a “foodborne illness outbreak” and that further recalls may be initiated.

Anyone who ate the products and is feeling ill is advised to call their doctor.

More information is available through the CFIA’s website.

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